FY2016 Market Portfolio

FY2016 Insurance Companies Rankings

The premium income of Macedonian insurer Euroins Osiguruvanje decreased by 3.8% year-on-year to 5.9 million euro for the first eight months of 2016, parent company Eurohold Bulgaria [BUL:4EH] has said.

Just one month after the severe flooding which hit the country on August 6th, the citizens of the Macedonian capital city, Skopje, have been confronted once again with the natural forces' rage as a 5.3 magnitude earthquake struck on Sunday, fortunately without devastating effects.

Macedonia's Ministry of Interior said that at least 21 people have died in flooding that hit the capital, Skopje and its surroundings last week. At least 6 are still missing and it is feared that the death toll could rise further. Police in Macedonia said that over 50 people have been injured in the floods.

Macedonian non-life insurer Triglav Osiguruvanje [MSE:VROS] said on
Friday its first-half net profit more than tripled to 58.7 million
denars (952,740 euro) from 18.5 million denars a year ago mainly due to
higher net premium income.

Macedonian non-life insurer Osiguruvanje Makedonija [MSE:KJUBI], a
subsidiary of Vienna Insurance Group (VIG), said on Thursday its
first-half net profit declined 6.8% on the year to 74.4 million denars
(1.2 million euro) on the back of increased costs.

Macedonian insurers' gross written premiums decreased by 0.17% on the year to MKD 2.14 billion (EUR 34.75 million) in the first three months of the year, according to the country's insurance supervisory agency.

Last year, Macedonian insurers reported an aggregated increase in GWP of 8.51%, according to the preliminary results provided by the Insurance Supervision Agency. The non-life insurance sector dominated the market portfolio and accounted for 86.70% of total GWP - of which about 44.59% was related to Motor TPL policies, 19.82% - property lines and 8.37% - motor hull.

The premium income of Macedonian insurer Euroins Osiguruvanje rose 6.9%
on the year to 1.3 million euro in the January-February period, its
parent company Eurohold Bulgaria said. Skopje-based Euroins
Osiguruvanje's premium income from third-party liability insurance
increased by an annual 3.4% to 749,000 euro in the two-month period,
financial and insurance group Eurohold Bulgaria said in a notice filed
with the Sofia bourse.